It kinda reminds me of the various panic situations that we saw at/around the time of the GFC.
Oh no, who’s going to holiday any more? No one has any money, Flight Centre FLT dropped to what - $4ish..? Now 10 bags later. Lol.
BHP might go bust?!?! Bags.
Mac bank - copped a flogging - now what, bags higher. Dozens more examples of fear mongering and mob mentality panic stations.
There was so much detachment of sp and med-long term outlook because everyone was focussed on yesterday and today. Snowball fear and panic.
I see the same in the Li sector around now.
Take 3 steps back and the decade or so of research that I’ve done still points to the same outcome - EVs aren’t going away! Li demand to grow exponentially.
There’s just a sale on. No signs up though and most equate it to some type of disaster/panic situation. Lol.
New funds soon. I will be buying and loving these prices. Lower still? Yes please.
We going bust? Ha.
Imo DYOR !!
GXY Price at posting:
$1.46 Sentiment: Buy Disclosure: Held